Termination and Interruption of Employment Sample Clauses

Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant's right to vest in an Award or exercise an Option, is conditioned upon Participant's continuous employment with the Company, except to the limited extent to which participation in the Program may continue following a termination or interruption of Participant's employment as provided below. If Participant's continuous employment with the Company terminates or is interrupted for any reason stated below, Participant's rights with respect to the Award will be affected as follows:
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Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant's right to vest in an Award or exercise an Option, is conditioned upon Participant's continuous employment with the Company, except as otherwise provided below. If Participant's continuous employment with the Company terminates or is interrupted for any reason stated below, Participant's rights with respect to the Award, including any "Core CAP Basic Shares" and "Core CAP Premium Shares" (each as defined below), "Supplemental CAP Shares" and shares subject to an Option ("Option shares"), each as may be set forth in the Stock Award Summary and/or Stock Option Grant Summary of this Agreement, will be affected as described below. With respect to any provision herein that provides for the distribution of shares upon the termination of Participant's employment, such distribution may be delayed for a period of six months, if Citigroup determines that Participant is among the Company's top 50 most highly compensated employees. Interest will not accrue during the period of delay and there will not be any compensation for loss in market value or otherwise. [INCLUDE PARAGRAPHS (a)—(q) AS APPLICABLE]:
Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant's right to vest in an Award or exercise an Option, is conditioned upon Participant's continuous employment with the Company, except as otherwise provided below. If Participant's continuous employment with the Company terminates or is interrupted for any reason stated below, Participant's rights with respect to the Award, including any "Core CAP Basic Shares" and "Core CAP Premium Shares" (each as defined below), "Supplemental CAP Shares" and shares subject to an Option ("Option shares"), each as may be set forth in the Stock Award Summary and/or Stock Option Grant Summary of this Agreement, will be affected as follows [INCLUDE PARAGRAPHS (a) – (p) AS APPLICABLE]:
Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant's right to vest in [and exercise]the Award, is conditioned upon Participant's continuous employment with the Company, except as otherwise provided below. [FOR AWARDS SUBJECT TO SECTION 409A AND PROVIDING FOR DISTRIBUTIONS UPON TERMINATION OF EMPLOYMENT: For all purposes related to an Award, Participant's employment shall be deemed terminated on the date of Participant's "separation from service" from Citigroup. Whether a "separation from service" has occurred will be determined in accordance with the definition of such term in Treas. Reg. § 1.409A-1(h), which, unless provided otherwise by such definition (or elsewhere in this Agreement in a manner that does not conflict with such definition) shall be as of Participant's last day of active service with the Company, regardless of any entitlement to notice, payment in lieu of notice, severance pay, termination pay, pension payment, or the equivalent that may be provided by any other plan, contract, or law.] If Participant's continuous employment with the Company terminates or is interrupted for any reason stated below, Participant's rights with respect to the Award will be affected as described below. [FOR AWARDS SUBJECT TO SECTION 409A: With respect to any provision herein that provides for the distribution of a deferred [stock][cash] award upon the termination of Participant's employment, such distribution will be delayed for a period of six months, if Citigroup determines that Participant is a "specified employee" within the meaning of Treas. Reg. § 1.409A-1(i)(1) (generally, one who is among the Company's top 50 most highly compensated employees). Interest will not accrue during the period of any such delay and there will not be any compensation for loss in market value that occurs during such time or otherwise.] [INCLUDE SUB-SECTIONS (a) - (q) AS APPLICABLE](9)
Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant’s right to vest in an Award [or exercise an Option], is conditioned upon Participant’s continuous employment with the Company, except as otherwise provided below. For all purposes related to an Award, Participant’s employment shall be deemed terminated on the date of [FOR AWARDS SUBJECT TO SECTION 409A: Participant’s “separation from service” from Citigroup,][FOR AWARDS NOT SUBJECT TO SECTION 409A, THE FOLLOWING MAY BE USED: Participant’s termination of employment by Citigroup,] [except where specifically provided otherwise in this Agreement,][. Whether a “separation from service” has occurred will be determined in accordance with the definition of such term in Treas. Reg. § 1.409A-1(h), which, unless provided otherwise by such definition (or elsewhere in this Agreement in a manner that If Participant’s continuous employment with the Company terminates or is interrupted for any reason stated below, Participant’s rights with respect to the Award will be affected as described below. [FOR AWARDS SUBJECT TO SECTION 409A: With respect to any provision herein that provides for the distribution of a deferred [stock][cash] award upon the termination of Participant’s employment, such distribution may be delayed for a period of six months, if Citigroup determines that Participant is a “specified employee” within the meaning of Treas. Reg. § 1.409A-1(i)(1) (generally, one who is among the Company’s top 50 most highly compensated employees). Interest will not accrue during the period of any such delay and there will not be any compensation for loss in market value that occurs during such time or otherwise.] [INCLUDE SUB-SECTIONS (a) — (q) AS APPLICABLE](9)
Termination and Interruption of Employment. The Grantee’s right to vest in the Restricted Shares, is conditioned upon the Grantee’s continuous employment with the Company, except as otherwise provided below. If the Grantee’s continuous employment with the Company terminates or is interrupted for any reason not stated below, vesting of the Restricted Shares will cease immediately; the Restricted Shares will be canceled and the Grantee shall have no further rights of any kind with respect to the Restricted Shares. If Grantee’s continuous employment with the Company terminates or is interrupted for a reason stated below, Grantee’s rights with respect to the Restricted Shares will be affected as provided below. For purposes of this Agreement, employment with the Company shall include working for a subsidiary that is a member of thecontrolled groupof the Company. For these purposes, “controlled group” has the meaning set forth in Treas. Reg. § 1.409A-1(h)(3).
Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant’s right to vest in an Award, is conditioned, in part, upon Participant’s continuous employment with the Company up to and including the Vesting Date, except as otherwise provided below. For all purposes related to an Award, Participant’s “Termination Date” shall be the date of his or her “separation from service” (within the meaning of Treas. Reg. 1.409A-1(h)(1)(i), but without regard to the last sentence thereof) from the Company, regardless of any entitlement to notice, payment in lieu of notice, severance pay, termination pay, pension payment, or the equivalent that may be provided by any other plan, contract, or law. If Participant’s continuous employment with the Company terminates or is interrupted for any reason stated below, Participant’s rights with respect to the Award, as set forth in the Award Summary, will be affected as described herein.
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Termination and Interruption of Employment. Participant’s right to vest in an Award is conditioned upon Participant’s continuous employment with the Company, except as otherwise provided below. In certain circumstances described below, Participant’s right to exercise vested Option shares may also be affected. If Participant’s continuous employment with the Company terminates or is interrupted for any reason stated below, Participant’s rights with respect to the Award will be affected as described below.
Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant's right to vest in the Award, is conditioned upon Participant's continuous employment with the Company, except as otherwise provided below. If Participant's continuous employment with the Company terminates or is interrupted for any reason not stated below, vesting of the Award will cease immediately, the Award will be canceled and Participant shall have no further rights of any kind with respect to the Award. If Participant's continuous employment with the Company terminates or is interrupted for a reason stated below, Participant's rights with respect to the Award will be affected as provided below. For purposes of the Agreement, employment with the Company shall include working for a subsidiary that is a member of the "controlled group" of Citigroup (as defined below). For these purposes, "controlled group" has the meaning set forth in Treas. Reg. § 1.409A-1(h)(3). [INCLUDE SUB-SECTIONS (a)—(f) AS APPLICABLE]
Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant’s right to vest in an Award [or exercise an Option], is conditioned upon Participant’s continuous employment with the Company, except as otherwise provided below. If Participant’s continuous employment with the Company terminates or is interrupted for any reason stated below, Participant’s rights with respect to the Award will be affected as described below. With respect to any provision herein that provides for the distribution of a deferred [stock][cash] award upon the termination of Participant’s employment, such distribution may be delayed for a period of six months, if Citigroup determines that Participant is a “specified employee” within the meaning of Treas. Reg. § 1.409A-1(i)(1) (generally, one who is among the Company’s top 50 most highly compensated employees). Interest will not accrue during the period of any such delay and there will not be any compensation for loss in market value that occurs during such time or otherwise. [INCLUDE SUB-SECTIONS (a) – (r) AS APPLICABLE]:
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